Opt for these dependable utilities over bonds

The Bank of Canada has now increased its benchmark interest rate by another 25 basis points—to 5.0%—in response to still-high inflation.
Generally, higher interest rates diminish the appeal of dividend-paying utility stocks, as investors shift to better-yielding bonds. Rising interest rates also increase utilities’ borrowing costs—and… Read More

ATCO LTD. – Toronto symbols ACO.X and ACO.Y

ATCO LTD. (Toronto symbols ACO.X [class I non-voting] $58 and ACO.Y [class II voting] $58; Income Portfolio, Utilities sector; Shares outstanding: 58.2 million; Market cap: $3.4 billion; Price-to-sales ratio: 1.0; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.atco.com) is a holding company. Its main subsidiary… Read More